Time charter rates in the multipurpose shipping sector have remained flat over the last month, according to the latest data from shipbroker Toepfer Transport.
According to Toepfer, the average daily time charter rate for a 12,500 dwt/F-type heavy lift vessel was USD7,440 in March 2019, a fall of USD17 in comparison February 2019.
Toepfer's monthly TMI index is based on six to 12-month time charter rates and is compiled using data obtained from operators, owners and brokers.
Drydocks World, in partnership with GE Vernova, will build and install Ostwind 4 – a 2 GW offshore wind grid connection in Germany.
A new paper entitled ‘Guidance on Stability of Lifts’ outlines key strategies for ensuring safe and stable heavy lift operations when moving loads onto, off or between ships in port or at sea.
Green shipping corridors have expanded in popularity worldwide, but progress could stall without urgent action from governments to overcome a “feasibility wall”, according to Getting to Zero Coalition and the Global Maritime Forum.
Irish and UK shipping company Quality Freight Group has become part of Switzerland-headquartered Fracht Group.
USA-based heavy lifting specialist Engineered Rigging has expanded its engineering team to include Dalton Robinson
UK-based heavy haulage and rigging specialist Allelys has appointed Sandy White as its engineering director.
